The Annual Meeting Of Global Central Banks Is About To Be Held, And The Federal Reserve May Announce Measures To Boost Inflation

On Wednesday, us time, all three major U.S. stock indexes closed higher, while technology stocks continued to gain in the session. Among them, saiftse, a cloud service provider that will become a component of the Dow, rose 26%, a record high. The company previously released strong second quarter results, the company's revenue exceeded $5 billion for the first time, and improved the outlook for the whole year. In addition, the company also announced the latest layoff plan to cut costs. Facebook, apple, Microsoft and many other large technology companies also hit new highs. As a result, we saw the S & P 500 index and the NASDAQ index inadvertently set new closing records. Analysts say technology stocks are so popular because they have proved that the epidemic will not have a significant impact on their business, driven by many positive factors, such as the progress of virus therapy and vaccine research and development, and some investors have given up the wait-and-see attitude and chase higher buying.

Markets focus on Jackson Hole global central bank annual meeting the US Federal Reserve may announce measures to boost inflation

In addition, US Federal Reserve Chairman Colin Powell will address the annual meeting of global central banks in Jackson Hole on Thursday. It is predicted that Powell may announce measures to boost inflation.

Germany's extended economic stimulus measures boost European stock markets

On Wednesday, the French stock market and the European stock market gained a lot because of the good news from Frankfurt and Germany. According to reports, Germany's ruling coalition party has agreed to extend stimulus measures in response to the new epidemic, including extending short-term job subsidies to the end of next year and allowing companies to file for bankruptcy later, which will cost up to 10 billion euros. In addition, France will launch its economic recovery plan on September 3. Experts say that if Europe's economy stagnates again, it will have devastating consequences, so the news is a very important signal to investors, and also enhances people's confidence.

Investors bet on more stimulus measures to lay out gold market to hedge against dollar depreciation risk

Looking at the gold market, spot gold fell to a two-week low in the session and rose more than 1.3% to above $1954 an ounce as of press release. Gold futures for December delivery rose more than 1.5% to $1952.50 an ounce. Analysts believe that current investors are betting that US Federal Reserve Chairman Colin Powell will announce more stimulus plans and deploy gold ahead of time to hedge against dollar depreciation and inflation.

International oil price fluctuated slightly on Wednesday

The international oil price changed slightly, on the one hand, the epidemic triggered concerns about demand; on the other hand, the US crude oil inventory decreased last week, and the tropical storm also reduced the US oil production. Under the long short game, the US WTI light crude oil futures closed up at US $43.39, while the Brent crude oil futures closed at US $45.64.